Mobile Home Park Mastery

Latest Episodes:

Lessons Learned From Our Residents: Why They Live In Mobile Homes Feb 25, 2018

Show notes

Why do people live in mobile homes parks? In this first part of our 5-part series on Lessons Learned from our Residents, we’re going to discuss the reasons that 8% of Americans choose to live in mobile homes, and what the key drivers are for them in making that selection. We have roughly 90,000 residents living in our properties -- and we’ve been renting lots and selling homes for over two decades – so this is a topic that we are intensely interested in. Hear what we’ve learned about why customers choose mobile home parks to live in, based on our past experiences

Dealing With Raw Land That Often Comes With A Park Acquisition Feb 18, 2018

Show notes

Mark Twain once said “buy land, they’re not making it anymore”. But land is not always what it’s rumored to be, as far as an investment – particularly when it’s attached to a mobile home park. In our final installment of our five-part series, we’re going to talk about the insider secrets to the options with raw land that sometimes comes with a mobile home park acquisition.

Secrets On Economic Opportunity With Clubhouses And Laundry Buildings Feb 11, 2018

Show notes

Back in the 1950s to 1970s, moms & pops often built clubhouses and laundry buildings as needed service facilities for residents who lived in 8’ to 12’ wide trailers with little room on the inside and no washer and dryer connections. However, more modern homes don’t require these amenities, and today these buildings often sit vacant or under-utilized. In this fourth installment of a five-part series, we’re going to discuss the insider secrets on how to make the best of these structures.

Operating Self-Storage And Commercial Buildings In Your Park Feb 04, 2018

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The self-storage industry has been a part of mainstream real estate for about three decades, but it takes on a completely different dimension (and playbook) when it’s located inside a mobile home park. And commercial buildings are a lot harder to make money with when they have a “trailer park” address. In this third part of a five-part series on additional assets that often come with mobile home park purchases, we’re going to talk about how to correctly operate storage units and commercial structures inside mobile home parks.

Apartments Inside Mobile Home Parks Jan 28, 2018

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While mobile home parks frequently compete with apartments for customers, what do you do when your arch-enemy is located inside a mobile home park? In this week’s Mobile Home Park Mastery podcast, we’re going to talk about the insider secrets of operating mom & pop’s old apartment complex inside your mobile home park boundary. Back in the day, early mobile home park pioneers would often build an apartment building at the front for either their family’s use or as an extra income source. Today, the challenges – and opportunities – are different. Enjoy this second installment in a five-part series.

Mom & Pop Houses Inside Mobile Home Parks Jan 21, 2018

Show notes

Sometimes mobile home parks come with more than just land or mobile homes. So how do you value and work around these additional assets? In this week’s Mobile Home Park Mastery podcast, we’re starting a five-part series on the insider secrets to all those assets that mom & pop often convey with the park purchase, including homes, apartments, self-storage, commercial buildings and raw land. If you ever wondered what to do with the miscellaneous items that come with a mobile home park sometimes, this podcast series is for you.

The Ultimate Program For Financing Mobile Homes Jan 14, 2018

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As the final installment in our series on insider secrets in mobile homes, we’re going to interview Ryan Howerton of 21st Mortgage regarding the CASH program – the only way to fill vacant lots in your mobile home park with zero dollars out of pocket. It’s also a way to finance used homes in your park. Since you can create $20,000 to $60,000 in value by filling just one vacant lot in your community, the CASH program can be a huge engine to create profits. Learn about this exciting program for increasing occupancy and maximizing net income in this week’s Mobile Home Park Mastery’s podcast.

Selling or Renting Mobile Homes Jan 07, 2018

Show notes

It’s one thing to buy and renovate a mobile home, but that’s of no value if you can’t properly rent or sell it. As the 5th largest owner of mobile home parks in the U.S., Frank is going to discuss his lessons learned from the sale or rental of thousands of homes across 30 states. You’ll learn what the 9/3/1 template is, and other valuable insider secrets that can help you to get your homes out the door and help solve the affordable housing crisis one home at a time. This is the fourth in our five-part series on mobile homes.

Renovating Mobile Homes Dec 31, 2017

Show notes

If you like watching those HGTV shows like Flip or Flop, then you may think you have a rough idea of how hoe remodeling works. But that’s not in any way representative of mobile home renovations. In this third part of a five-part series, Frank is going to discuss some insider secrets in mobile home renovations, that can save you significant money and keep you on the cutting edge of clever ideas that park owners have learned from trial and error. This is the third in our five-part series on mobile homes, and you’ll find each one of great benefit.

Buying Used Mobile Homes Dec 24, 2017

Show notes

In this second part of a five-part series, we’re going to review the insider secrets to properly buying a used mobile home for your mobile home park. With so many homes to choose from, it’s vital that you don’t make any rookie errors – and there are some that you would never guess. Frank’s bought literally thousands of mobile homes over the past two decades – both new and used – and he wanted to highlight some important points to save you thousands of dollars.

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